OCBC has launched a new targeted promotion for overseas spending, which offers selected cardholders a 3.5% rebate on in-person foreign currency transactions from now till 4 January 2026.Â
This effectively offsets OCBC’s 3.25% FCY transaction fee, allowing cardholders to earn cashback or miles on overseas spending practically “free of charge”.
Participation is by invitation only. You must have received an eDM, SMS, or push notification from OCBC, and no further registration is required if you were targeted.
OCBC cards offering 3.5% rebate for overseas spending
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From 15 October 2025 to 4 January 2026, OCBC cardholders can earn 3.5% cashback on in-store foreign currency transactions, subject to the following conditions:
- A minimum spend of S$3,000 on in-store foreign currency transactions for the entire promotion period
- A cap of S$5,000 on in-store foreign currency transactions for the entire promotion period
The following cards are eligible for this offer (again, provided the cardholder received an invitation to participate).
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The OCBC 90°N and OCBC VOYAGE Cards are omitted because they already have their own overseas spending promotion, which offers up to 4.5 mpd and 5 mpd respectively.
Do remember that only in-person transactions qualify. Online foreign currency spending is excluded, even if you’re physically overseas. Payments made via ride-hailing apps, food delivery services, or restaurant QR codes will not be eligible for the bonus.
If you hold more than one eligible card, spending will be accumulated across all eligible cards. For example, I could spend S$1,500 on the OCBC Rewards Card and S$1,500 on the OCBC Premier Visa Infinite Card to satisfy the minimum spend.Â
When will rebate be credited?
The 3.5% cash rebate will be credited by 31 March 2026.
What counts as qualifying spending?
OCBC’s standard exclusion list applies to this promotion, which means you will not earn any miles for:
- Charitable donations
- Education
- Government services
- Hospitals
- Insurance premiums
- Prepaid account top-ups
- Utilities bills
The full list of exclusions can be found in the T&Cs.Â
Terms & Conditions
You can find a copy of the T&Cs here.
Is it worth it?
OCBC cards have a 3.25% FCY fee, so a 3.5% rebate would offset this fee (as well as the implicit spread charged by Mastercard or Visa).
The two main cards that miles chasers would be focusing on for this promo would be the OCBC Rewards and OCBC Premier Visa Infinite. The OCBC Rewards Card will earn 4 mpd on FCY transactions, provided the MCC falls within one of its whitelist categories.
| 💳 OCBC Rewards Bonus Whitelist (Based on MCC) |
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| MCC | Examples (non-exhaustive) |
| MCC 5309 Duty-Free Shops |
Lotte Duty Free, King Power Duty Free, The Shilla Duty Free |
| MCC 5311Â Departmental Stores |
Takashimaya, TANGS, Isetan, OG, Metro, BHG, Marks & Spencer |
| MCC 5611Â Men’s and Boys’ Clothing and Accessories Stores |
Benjamin Barker, Timberland, Edit Suits, Berluti |
| MCC 5621Â Women’s Ready to Wear Stores |
Zara, H&M, Mothercare |
| MCC 5631 Women’s Accessory and Speciality Stores |
Tory Burch, Love Bonito, Pandora |
| MCC 5641 Children’s and Infants’ Wear Stores |
Kiddy Palace, Mummy’s Market, Pupsik, Motherswork |
| MCC 5651 Family Clothing Stores |
Uniqlo, ASOS, Club 21, Burberry, Yoox |
| MCC 5655 Sports and Riding Apparel |
Nike, Lululemon, Adidas |
| MCC 5661 Shoe Stores |
Skechers, Charles & Keith, Bata, Foot Locker, Pazzion |
| MCC 5691 Men’s and Women’s Clothing Stores |
Ezbuy, Zalora, Farfetch |
| MCC 5699 Miscellaneous Apparel and Accessory Shops |
Cotton On, Reebonz |
| MCC 5941 Sporting Goods Stores |
Decathlon, Fila, New Balance |
| MCC 5948 Luggage or Leather Goods Stores |
Louis Vuitton, Coach, Rimowa |
The OCBC Premier Visa Infinite earns a flat 2.24 mpd on FCY transactions, regardless of MCC (assuming, of course, that it’s not on the general exclusions list).
To see a full rundown of alternative cards for overseas spending, refer to the post below.
Conclusion
From now till 4 January 2026, targeted OCBC cardholders can enjoy a 3.5% rebate on in-person foreign currency spending, with a minimum spend of S$3,000 and capped at S$5,000 (or S$175 of cashback) for the entire promotion period.
This is basically an opportunity to earn some “free miles” on overseas spending, since it offsets OCBC’s 3.25% FCY transaction fee.
Do check your inbox or OCBC app to see if you were targeted!
